The guidelines, in respect of Public Debt and Loans and Advances made by the State Government, have been enumerated as under:

• For market Loans, the State Government is empowered to float loans in the open market under Article 293 of the Constitution having a currency of more than twelve months. These loans are detailed in Annexure to Statement No. 17 of the Finance Accounts. Repayments of these loans have to be made in accordance with the terms and conditions mentioned at the time of sanctioning of loans. Similarly, loans received from the State Bank of India, the National Bank for Agriculture and Rural Development etc. have to be governed as per the terms and conditions imposed.
• Under Article 293(2) of the Constitution, the Loans and Advances received from the Government of India, have to be governed as per such conditions laid down at the time of sanctioning of loans and laws made by Parliament.
• In case of the loans and advances made by the State Government, the terms and conditions of loans as stated therein should be adhered to while maintaining the ledger.